Mumbai, Jun 26 (PTI) Maharashtra is mulling to start a
venture capital fund which will help enterprises focused on
exports, a minister has said.

The western state is also in the process of setting up
an export promotion council under a newly adopted industrial
policy, Jaykumar Rawal, the minister for food and drugs
administration, tourism and protocol, said.

He made the remarks speaking at the World Trade
Centers Association Day late last evening.

The state government "will soon introduce a venture
capital fund for export-oriented units," a statement from the
organisers of the event said.

It, however, did not divulge the corpus of the fund or
any other details. The budget session of the state assembly is
on at present.

The budget for FY20 has proposed 50 industrial parks
at taluka level for micro, small and medium enterprises, the
minister was quoted as saying.

Looking at the demand for cashews from the state, Rs
100 crore has been allocated for cashew processing industry to
push the exports, he said.

Similarly, for the dairy industry, the government is
offering Rs 50 per kg to milk federations for pushing exports
of milk powder, he said.

Rawal said the state contributes for a fourth of the
overall exports from India and added that the Government is
committed to enhance on the same.

It will also be expanding tourism police teams in
pockets with high tourist footfalls like Sindhudurg,
Aurangabad and Nagpur besides Shirdi and Mumbai, he said. PTI
AA
AP

Full story as

Text

Newsml

Doc

GUIDELINES

The story package comprises the main story and its related stories, photos, videos and audio.
.............................................................................................

Only those related links for which you are subscribed will appear in the story package. For instance, only if you are a photo subscriber would you get to see photos in the related links.
.............................................................................................

The related photos, videos and audio you download as part of the package will reflect on your total permitted count. Hence, download judiciously.
.............................................................................................

To help you decide on the links to download, relevant tips have been provided on mouseover.